East Harlem Townhouse Sells for a Whopping $4 Million
The real estate in this up-and-coming Manhattan neighborhood shows no signs of cooling.
East Harlem real estate keeps getting hotter. Back in April we reported the $3.6 million sale of a three-bedroom condo. This month the Daily News reveals that a townhouse has closed for the asking price of $4 million. The home first hit the market last year and raised a few eyebrows with the high sticker price — according to the News, the average brownstone in that area goes for $1.65 million. Apparently, though, $4 million was right on the nose.
The renovated 8,000-square-foot home is located at 2036 Fifth Ave. between 125th and 126th Streets (which could arguably be considered Central Harlem, depending on who you speak to). It's comprised of a residential triplex on top and a commercial duplex below. The residential section is 5,000 square feet and includes four bedrooms, two terraces and a backyard. From what we can tell, the woodwork looks beautiful; we especially like the built-in bookcases in the living room.
As far as the neighborhood, the listing claims there is a Whole Foods and American Eagle coming soon. Plus, the 2/3 line is one block away and the 4/5/6 three blocks away — making the east and west sides fairly accessible.
Time will tell if $4 million is a trend or merely an anomaly in Harlem home pricing.